Forex Trend Analysis Report
Prepared for you on Tuesday, March 19, 2024.
US Dollar/Malagasy Ariary (FOREX:USDMGA)
Weak Downtrend (-65) - USDMGA is showing signs of a strengthening downtrend. Monitor USDMGA as it may be building momentum to the downside.
Is it time to buy, sell, or avoid USDMGA?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for USDMGA
The long-term trend has been UP since Dec 8th, 2023 at 4583.8326
The intermediate-term trend has been DOWN since Jan 2nd, 2024 at 4575.0000
The short-term trend has been DOWN since Mar 18th, 2024 at 4498.4786
Smart Scan Analysis for USDMGA
Based on our trend formula, USDMGA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
Open | High | Low | Price | Change |
---|---|---|---|---|
4484.9424 | 4505.0000 | 4484.9424 | 4505.0000 | +20.0576 |
Prev. Close | Volume | Bid | Ask | Time |
4484.9424 | 2024-03-18 10:55:29 |